(MENAFN- Ameliorate Digital Consultancy)
As per the study initiated by Evolve Business Intelligence, the global Artificial Intelligence in Manufacturing Market size accounted for USD 2.5 Billion in 2022, growing at a CAGR of 55.2% from 2023 to 2033. Artificial Intelligence (AI) in the manufacturing market refers to the application of advanced computational algorithms and machine learning techniques to enhance and automate various processes within the manufacturing industry.The AI in manufacturing market is rapidly growing as companies across various industries embrace the potential of AI technologies to transform their operations. It offers opportunities for increased productivity, cost reduction, quality improvement, and competitive advantage in the dynamic manufacturing landscape.
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Key Highlights:
The global Artificial Intelligence in Manufacturing Market size was valued at USD 2.5 billion in 2022 growing at a CAGR of 55.2% from 2023 to 2033. North America dominated the market in 2022 Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Artificial Intelligence in Manufacturing Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Artificial Intelligence in Manufacturing Market report also includes the following data points:
COVID19 Impact on Artificial Intelligence in Manufacturing Market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Artificial Intelligence in Manufacturing Market
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Key Players
Some of the major Artificial Intelligence in Manufacturing Market players holding high market share include Microsoft Corporation, IBM Corporation, GENERAL ELECTRIC, Rockwell Automation, Inc., and Mitsubishi Electric Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
Microsoft Corporation Google LLC IBM Corporation com Inc. NVIDIA Corporation Siemens AG GENERAL ELECTRIC SAP SE Rockwell Automation, Inc. Mitsubishi Electric Corporation Intel
Segmental Analysis
Market Segment By Technology with focus on market share, consumption trend, and growth rate of Artificial Intelligence in Manufacturing Market:
Machine Learning Computer Vision Context Awareness Natural Language Processing
Market Segment By Application with focus on market share, consumption trend, and growth rate of Artificial Intelligence in Manufacturing Market:
Material Movement Predictive Maintenance & Machinery Inspection Production Planning Field Services
Market Segment By end-user with focus on market share, consumption trend, and growth rate of Artificial Intelligence in Manufacturing Market:
Semiconductor & Electronics Energy & Power Pharmaceutical Automobile Heavy Metal & Machine Manufacturing
| Parameters | Details |
| Market Size (2022) | $ 14.5 Billion |
| CAGR (2023 to 2033) | 55.2% |
| Market Segmentation | Technology, Application, end-user |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Artificial Intelligence in Manufacturing Market Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence provides an understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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